Closing Bell: Earnings from Autodesk, Workday, Dell Technologies
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Tim Stenovec and Carol Massar.
On this episode of Stock Movers:
- Autodesk (ADSK) gained 5% afterhours after reporting results The company boosted its adjusted earnings per share guidance for the full year; the guidance beat the average analyst estimate.
- Workday (WDAY) is up about 3% in afterhours trading. Workday reported adjusted earnings per share for the third quarter of $2.32 vs. $1.89 y/y. The company boosted its subscription revenue forecast for the full year.
- Dell Technologies (DELL) raised its annual projections for the AI server market due to sustained demand for machines needed in the current data center boom. The company booked $12.3 billion of AI server orders in the fiscal third quarter and raised shipment projections for the year to $25 billion from $20 billion. Dell's operating margin in its infrastructure unit was 12.4% in the period, and the company's shares rose about 2% in extended trading after the results were announced.
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